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InterContinental Hotels Group PLC (IHG), headquartered in Denham, Buckinghamshire, England, is a prominent British multinational hospitality enterprise, marketed as IHG Hotels & Resorts. As of December 31, 2023, IHG operates a remarkable 946,000 rooms across 19 brands, spanning midscale to luxury segments. Their renowned brands include Holiday Inn, Holiday Inn Express, Kimpton, Hotel Indigo, Even, Hualuxe, and Voco, catering to diverse customer preferences.
Holiday Inn and Holiday Inn Express are the largest brands, while newer lifestyle brands like Hotel Indigo and Voco are gaining significant traction. IHG's strategic initiatives include the launch of the midscale brand Avid in 2017, a 51% stake acquisition in Regent Hotels in 2018, acquiring Six Senses in 2019, and introducing the Garner brand in 2023.
The company's global footprint is extensive, with the Americas accounting for 55% of the total rooms, Greater China for 19%, and Europe, Asia, the Middle East, and Africa making up 26%. IHG's business model is predominantly managed and franchised, representing 99% of their total rooms.
IHG continuously aims to offer exceptional hospitality experiences, as demonstrated by their recent achievements. On July 25, 2023, IHG collaborated with GRAMMY-nominated artist Carly Rae Jepsen, curating an exclusive hotel suite experience for Lollapalooza. Additionally, IHG's strategic partnership with the US Open Tennis Championships, highlighted by unique fan experiences and events, emphasizes their dedicated guest engagement approach.
Financially, IHG maintains a robust position, reflected in their strategic growth and acquisitions. On August 31, 2023, IHG repurchased 498 ordinary shares, showcasing their commitment to shareholder value. Furthermore, the innovative IHG One Rewards mobile app, with features like seamless booking and in-room customization, has revolutionized guest engagement, achieving high ratings on both Apple and Android platforms.
IHG's expansion in the luxury and lifestyle segment is notable, with planned openings in Mexico, Latin America, and the Caribbean. The introduction of Six Senses La Sagesse in Grenada and upcoming projects in Grand Bahama and Xala underscore their focus on luxury wellness and sustainability. The brand's first all-inclusive resort, Kimpton Tres Ríos Riviera Maya, and the distinctive Vignette Collection hotel in Valladolid, Mexico, highlight IHG's innovative and diversified offerings.
In partnership with Google Cloud, IHG is set to launch an AI-powered travel planner within their mobile app, enhancing the travel planning experience for guests. This strategic partnership underscores IHG's commitment to leveraging technology for superior guest experiences.
InterContinental Hotels Group PLC continues to excel in providing 'True Hospitality for Good,' with a global presence in over 100 countries and a rich pipeline of developments. For the latest updates and news, visit IHG's official website and follow them on LinkedIn, Facebook, and Twitter.
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on October 28, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 21,018 ordinary shares at prices ranging from £85.22 to £86.36 per share, with an average price of £85.7972.
This purchase was executed under shareholder authority granted at the Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the company has 158,965,822 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on October 25, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 32,604 ordinary shares at prices ranging from £84.44 to £85.40 per share, with an average price of £84.9401.
The purchase was executed under shareholder authority granted at the May 3, 2024 Annual General Meeting, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the company now has 158,986,840 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
InterContinental Hotels Group (IHG) has announced a share buyback transaction conducted on October 24, 2024, through Goldman Sachs International on the London Stock Exchange. The company purchased 40,000 ordinary shares at prices ranging from £83.92 to £85.52 per share, with an average price of £84.5067.
The purchase was executed under shareholder authority granted at the Annual General Meeting on May 3, 2024, following instructions issued on February 20, 2024. IHG intends to cancel these purchased shares. Following this transaction, the company has 159,019,444 ordinary shares in issue, excluding 6,956,782 shares held in treasury.
InterContinental Hotels Group (IHG) has announced the purchase of 40,000 of its ordinary shares through Goldman Sachs International on the London Stock Exchange on October 23, 2024. The shares were bought at prices ranging from £85.18 to £87.62, with an average price of £85.9974 per share. This purchase was made under shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.
The company intends to cancel the purchased shares. Following this transaction, IHG has 159,059,444 ordinary shares in issue, excluding 6,956,782 shares held in treasury. The purchase was split between 30,000 shares on the London Stock Exchange and 10,000 shares on Cboe BXE.
IHG Hotels & Resorts announces the return of its seasonal Winter Chalet experience across its Luxury & Lifestyle portfolio from November 1, 2024, through January 31, 2025. The program features special Chalet Day experiences on December 21 (Winter Solstice), offering early check-in, late check-out, and Winter Hour starting at 4:30 pm with specialty cocktails across participating properties.
Highlights include unique offerings at Kimpton Hotels (Singapore Sling cocktail), InterContinental Hotels (Freezer Martini), and Hotel Indigo (Bourbon and Bean cocktail). Properties will offer seasonal programming, including secret social passwords, winter-themed packages, festive lounges, and special holiday events. Guests can participate in intention-setting activities and enjoy curated winter playlists throughout their stay.
InterContinental Hotels Group (IHG) has announced the purchase of 126,008 ordinary shares through Goldman Sachs International on the London Stock Exchange on October 22, 2024. The shares were bought at prices ranging from £83.92 to £86.94, with an average price of £85.97 per share.
The purchase was executed across multiple trading venues, including London Stock Exchange (56,392 shares), Cboe BXE (45,400 shares), Cboe CXE (17,937 shares), and Turquoise (6,279 shares). Following this transaction, IHG has 159,099,444 ordinary shares in issue, excluding 6,956,782 shares held in treasury. The company intends to cancel the purchased shares.
InterContinental Hotels Group PLC (IHG) announced on October 22, 2024, that it purchased 3,000 of its ordinary shares on October 21, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.
Key details of the transaction include:
- Lowest price paid per share: £85.8200
- Highest price paid per share: £86.5400
- Average price paid per share: £86.2047
IHG intends to cancel the purchased shares. Following this transaction, the Company has 159,225,452 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was part of instructions issued by the Company on February 20, 2024.
InterContinental Hotels Group PLC (IHG) has announced a transaction in its own shares on October 18, 2024. The company purchased 3,000 ordinary shares through Goldman Sachs International on the London Stock Exchange. The shares were bought at prices ranging from £85.5000 to £86.1800, with an average price of £85.8648 per share.
This purchase was made in accordance with the authority granted by shareholders at the Company's Annual General Meeting on May 3, 2024. IHG intends to cancel the purchased shares. Following this transaction, the Company has 159,228,452 ordinary shares in issue (excluding 6,956,782 held in treasury).
The purchase was part of instructions issued by IHG on February 20, 2024. A full breakdown of the individual purchases by Goldman Sachs International is included in the announcement.
InterContinental Hotels Group PLC (IHG) announced the purchase of 3,000 of its ordinary shares on October 17, 2024, through Goldman Sachs International on the London Stock Exchange. The average price paid per share was £85.7765, with the lowest price at £85.2800 and the highest at £86.1600.
This transaction was conducted in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024. IHG intends to cancel the purchased shares. Following this transaction, the Company has 159,231,452 ordinary shares in issue (excluding 6,956,782 held in treasury).
The purchase was part of instructions issued by IHG on February 20, 2024. A detailed breakdown of individual purchases by Goldman Sachs International is provided in the press release.
InterContinental Hotels Group PLC (IHG) announced on October 17, 2024, that it purchased 1,000 of its ordinary shares on October 16, 2024, through Goldman Sachs International on the London Stock Exchange. The purchase was made in accordance with shareholder authority granted at the Company's Annual General Meeting on May 3, 2024.
Key details of the transaction include:
- Lowest price paid per share: £85.2200
- Highest price paid per share: £85.9000
- Average price paid per share: £85.5013
IHG intends to cancel the purchased shares. Following this transaction, the Company has 159,234,452 ordinary shares in issue (excluding 6,956,782 held in treasury). The purchase was part of instructions issued by the Company on February 20, 2024.
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